Snapchat India doubled user base👻, Netflix’s Q1 revenue📺, SpaceX Starship🛰️
Snapchat India doubled user base👻, Netflix’s Q1 revenue📺, SpaceX Starship🛰️
Snap India doubled user base, engagement in 2022, Netflix's revenue $8.16 bn, Starship to be launched today, Funding Deals and more.
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Snap India doubled user base, engagement in 2022: CEO Evan Spiegel
Netflix’s Q1 revenue surges 4% to $8.16 billion
SpaceX 1st Starship to be launched on 20 April
Funding Deals
Snap India doubled user base, engagement in 2022: CEO Evan Spiegel👻
Snap Inc, which runs the ephemeral messaging app Snapchat, more than doubled its user base and engagement in India, its cofounder and CEO Evan Spiegel told
The sharp uptick in Snap’s Indian business comes amid the broader turmoil roiling technology firms globally. The app’s monthly active users in India, which was estimated at about 100 million in October 2021, have since doubled.
Snap now aims to invest more in India across new businesses. Snap’s Spotlight also competes with YouTube’s Shorts, while another global rival TikTok, owned by China’s ByteDance, is banned in India.
Spotlight saw time spent on the platform by Indian users shoot up 175% in 2022 compared to 2021.
Netflix’s Q1 revenue surges 4% to $8.16 billion📺
Streaming giant Netflix on Wednesday said its revenue for the first quarter (Q1) of 2023 rose 4% to $8.16 billion from $7.82 billion in the previous quarter, with profit hitting $1.3 billion.
The revenue figures met the company’s forecast of 4% growth, at $8.17 billion. The streaming giant added 1.75 million subscribers in Q1 against 7.7 million in Q4 of 2022.
Further, it had 231 million global paid memberships that generated $32 billion of revenue and $5.6 billion in operating income in Q4.
SpaceX 1st Starship to be launched on 20 April🛰️
SpaceX is set to launch its Starship spacecraft, pegged as the world's biggest rocket on 20 April (Thursday).
The launch is a significant milestone as it marks the first comprehensive flight test of a Starship and Super Heavy integrated launch system, which has a towering height of 395 feet (120 meters).
This is the second attempt at the launch as earlier on Monday, the launch was canceled due to a fueling issue.
NASA has already selected Starship as the lunar lander for the Artemis 3 mission scheduled for 2025, which is set to be the first crewed moon landing since 1972.
Funding Deals💰
Cyber security firm Safe Security (formerly Lucideus) has raised Series B funding of $50 million (around Rs 410 crore) led by Sorenson Capital, with participation from Eight Roads, Fidelity Investments’ venture capital arm, Telstra Ventures and WTI.
Hyperlocal content production platform Knocksense has secured funding from Nitish Mittersain, founder of gaming company Nazara Technologies, as part of its pre-Series A funding round.
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What else?
🎀 More than 6,000 visited Mumbai Apple store on opening day
🚕 Taxi startup BluSmart picks EV fight with Uber
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